Market Overview:
The global luxury beauty market is expected to reach a value of USD 302.8 billion by 2030, registering a CAGR of 5.5% during the forecast period (2018-2030). The growth in the global luxury beauty market can be attributed to various factors such as increasing disposable income, rising awareness about luxury brands and products, and growing demand for premium personal care products. The facial care segment is expected to dominate the global luxury beauty market with a share of 36%, followed by body care and hair care segments respectively. Among applications, women are expected to account for majority share in the global luxury beauty market followed by men and kids segments respectively. North America is estimated to be the largest regional market for luxury beauty products with a share of 38%.
Product Definition:
Luxury beauty is a term used to describe high-end beauty products that are often expensive and exclusive. These products may include skincare, haircare, and makeup items. Luxury beauty brands often have a higher price tag than other brands and offer unique or specialized formulas.
The importance of luxury beauty lies in the fact that these products are usually made with better quality ingredients and offer more luxurious packaging than lower-priced alternatives. Additionally, luxury brands sometimes associate themselves with high-end fashion designers or celebrities, lending an air of prestige to their products.
Facial Care:
Facial care is the first step towards taking good care of skin. It comprises of various products such as cleansers, toners, moisturizers and anti-aging products which are used to maintain facial skin health. Facial Care Products include Cleansing Foam, Gel Creams & Lotion, Oil Control Moisturizer etc.
Body Care:
Body care is the first necessity of the beauty regime, which is used to maintain and protect the skin from external environment. Body care products include cosmetics, toiletries or fragrances that are applied to facilitate body cleaning and maintenance.
Application Insights:
The women application segment held the largest share of more than 60.0% in 2017. The growing preference for using luxury beauty products on account of increasing financial resources, changing lifestyles, and new opportunities is projected to boost the demand for these products among women consumers across the globe. Furthermore, rising awareness regarding skin care and hygiene is expected to positively influence market growth over the forecast period.
Men application segment was valued at USD 1,874 million in 2017 owing to increased use of grooming kits including shaving creams and gels along with other luxury male skincare products such as face wash & cleansers & toners & moisturizers etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well due to increasing product launches and innovations coupled with rising disposable income of consumers. China, Japan, India, South Korea are some of the countries that have a high potential for growth in this industry owing to growing demand from middle-class population along with rapid urbanization and industrialization.
North America is also likely to witness significant growth over the next eight years owing to increasing awareness about luxury skincare products among consumers especially millennials. Moreover, presence of several key players such as Kiehl's Since 1851; Estee Lauder Companies; Clinique Laboratories Inc.; bareMinerals LLC; and Origins USA has increased accessibility for these products in U.S.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing disposable income of consumers: The luxury beauty market is expected to grow as the disposable income of consumers increases. This is because people are willing to spend more on products that offer better quality and perceived value.
- Rising demand for premium and niche brands: There is a growing demand for premium and niche brands in the luxury beauty market, as consumers seek unique products that offer better quality and performance than mass-market brands.
- Proliferation of social media: Social media has played a major role in promoting luxury beauty products, with influencers and bloggers helping to drive awareness and sales among consumers. This has led to increased competition among brands to create innovative new products that stand out from the crowd.
- Growing interest in natural ingredients: There is a growing trend towards using natural ingredients in luxury beauty products, as consumers become more aware of the potential benefits these ingredients can offer them skin health wise .This has helped boost the popularity of organic skincare lines among affluent shoppers . 5) Innovation in product packaging : Luxury cosmetic companies are increasingly investing in innovative product packaging designs that help their products stand out from those offered by competitors .This helps create consumer excitement around new launches , driving growth for the overall category
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Beauty Market Research Report
By Type
Facial Care, Body Care, Hair Care, Other
By Application
Men, Women, Kids
By Companies
Loreal, P&G, Estee Lauder, Shiseido, Unilever, LVMH, Chanel, PPG, Amorepacific, LG, Evian??, LA COLLINE, Chantecaille, KAO, Jahwa
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Beauty Market Report Segments:
The global Luxury Beauty market is segmented on the basis of:
Types
Facial Care, Body Care, Hair Care, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women, Kids
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Loreal
- P&G
- Estee Lauder
- Shiseido
- Unilever
- LVMH
- Chanel
- PPG
- Amorepacific
- LG
- Evian??
- LA COLLINE
- Chantecaille
- KAO
- Jahwa
Highlights of The Luxury Beauty Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Facial Care
- Body Care
- Hair Care
- Other
- By Application:
- Men
- Women
- Kids
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Beauty Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury beauty is a term used to describe products and services that are typically associated with high-end brands. These products may include luxury skin care, makeup, haircare, and other personal care items. They can also include luxurious spa treatments or vacations.
Some of the major companies in the luxury beauty market are Loreal, P&G, Estee Lauder, Shiseido, Unilever, LVMH, Chanel, PPG, Amorepacific, LG, Evian??, LA COLLINE, Chantecaille, KAO, Jahwa.
The luxury beauty market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Beauty Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Beauty Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Beauty Market - Supply Chain
4.5. Global Luxury Beauty Market Forecast
4.5.1. Luxury Beauty Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Beauty Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Beauty Market Absolute $ Opportunity
5. Global Luxury Beauty Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Beauty Market Size and Volume Forecast by Type
5.3.1. Facial Care
5.3.2. Body Care
5.3.3. Hair Care
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Beauty Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Beauty Market Size and Volume Forecast by Application
6.3.1. Men
6.3.2. Women
6.3.3. Kids
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Beauty Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Beauty Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Beauty Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Beauty Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Beauty Demand Share Forecast, 2019-2026
9. North America Luxury Beauty Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Beauty Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Beauty Market Size and Volume Forecast by Application
9.4.1. Men
9.4.2. Women
9.4.3. Kids
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Beauty Market Size and Volume Forecast by Type
9.7.1. Facial Care
9.7.2. Body Care
9.7.3. Hair Care
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Beauty Demand Share Forecast, 2019-2026
10. Latin America Luxury Beauty Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Beauty Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Beauty Market Size and Volume Forecast by Application
10.4.1. Men
10.4.2. Women
10.4.3. Kids
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Beauty Market Size and Volume Forecast by Type
10.7.1. Facial Care
10.7.2. Body Care
10.7.3. Hair Care
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Beauty Demand Share Forecast, 2019-2026
11. Europe Luxury Beauty Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Beauty Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Beauty Market Size and Volume Forecast by Application
11.4.1. Men
11.4.2. Women
11.4.3. Kids
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Beauty Market Size and Volume Forecast by Type
11.7.1. Facial Care
11.7.2. Body Care
11.7.3. Hair Care
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attrctiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Beauty Demand Share, 2019-2026
12. Asia Pacific Luxury Beauty Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Beauty Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Beauty Market Size and Volume Forecast by Application
12.4.1. Men
12.4.2. Women
12.4.3. Kids
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Beauty Market Size and Volume Forecast by Type
12.7.1. Facial Care
12.7.2. Body Care
12.7.3. Hair Care
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Beauty Demand Share, 2019-2026
13. Middle East & Africa Luxury Beauty Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Beauty Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Beauty Market Size and Volume Forecast by Application
13.4.1. Men
13.4.2. Women
13.4.3. Kids
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Beauty Market Size and Volume Forecast by Type
13.7.1. Facial Care
13.7.2. Body Care
13.7.3. Hair Care
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Beauty Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Beauty Market: Market Share Analysis
14.2. Luxury Beauty Distributors and Customers
14.3. Luxury Beauty Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Loreal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. P&G
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Estee Lauder
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shiseido
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Unilever
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. LVMH
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Chanel
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. PPG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Amorepacific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LG
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Evian??
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LA COLLINE
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Chantecaille
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KAO
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jahwa
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
